Intech Investment Management LLC Buys 3,384 Shares of Federal Agricultural Mortgage Co. (NYSE:AGM)

Intech Investment Management LLC increased its stake in Federal Agricultural Mortgage Co. (NYSE:AGM) by 211.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,984 shares of the credit services provider’s stock after purchasing an additional 3,384 shares during the quarter. Intech Investment Management LLC’s holdings in Federal Agricultural Mortgage were worth $982,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Victory Capital Management Inc. grew its stake in Federal Agricultural Mortgage by 1.8% in the 3rd quarter. Victory Capital Management Inc. now owns 3,864 shares of the credit services provider’s stock valued at $724,000 after buying an additional 70 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in Federal Agricultural Mortgage in the 3rd quarter valued at approximately $3,949,000. Moors & Cabot Inc. grew its stake in Federal Agricultural Mortgage by 7.8% in the 3rd quarter. Moors & Cabot Inc. now owns 1,266 shares of the credit services provider’s stock valued at $237,000 after buying an additional 92 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Federal Agricultural Mortgage by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 107,494 shares of the credit services provider’s stock valued at $20,145,000 after buying an additional 6,444 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Federal Agricultural Mortgage by 34.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,050 shares of the credit services provider’s stock valued at $1,134,000 after buying an additional 1,541 shares in the last quarter. Institutional investors own 68.03% of the company’s stock.

Federal Agricultural Mortgage Stock Down 0.7 %

AGM opened at $191.19 on Friday. The company has a fifty day moving average price of $197.67 and a 200-day moving average price of $195.98. The firm has a market capitalization of $2.08 billion, a P/E ratio of 11.62, a price-to-earnings-growth ratio of 1.69 and a beta of 1.11. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.49 and a quick ratio of 0.49. Federal Agricultural Mortgage Co. has a one year low of $169.17 and a one year high of $217.60.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings results on Friday, February 21st. The credit services provider reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.17 by $0.46. Federal Agricultural Mortgage had a net margin of 12.75% and a return on equity of 19.43%. The firm had revenue of $101.26 million during the quarter, compared to analyst estimates of $92.81 million. During the same period in the previous year, the business earned $4.10 EPS. Equities research analysts expect that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $1.50 per share. This is an increase from Federal Agricultural Mortgage’s previous quarterly dividend of $1.40. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date is Friday, March 14th. Federal Agricultural Mortgage’s payout ratio is currently 36.47%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods boosted their price target on shares of Federal Agricultural Mortgage from $205.00 to $230.00 and gave the company a “market perform” rating in a research report on Monday, February 24th.

Insider Transactions at Federal Agricultural Mortgage

In related news, Director Robert G. Sexton acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of $195.62 per share, with a total value of $195,620.00. Following the acquisition, the director now owns 13,517 shares of the company’s stock, valued at approximately $2,644,195.54. The trade was a 7.99 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mitchell A. Johnson sold 2,500 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $205.21, for a total transaction of $513,025.00. Following the completion of the sale, the director now directly owns 8,644 shares of the company’s stock, valued at $1,773,835.24. This represents a 22.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.58% of the stock is currently owned by insiders.

About Federal Agricultural Mortgage

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy. The company’s Agricultural Finance line of business engages in purchasing and retaining eligible loans and securities; guaranteeing the payment of principal and interest on securities that represent interests in or obligations secured by pools of eligible loans; servicing eligible loans; and issuing LTSPCs for eligible loans.